Data / Bank failures / 1991 / The Washington Bank (of Maryland)

The Washington Bank (of Maryland), Baltimore, MD: failed May 10, 1991

Name: The Washington Bank (of Maryland) bank failure (FDIC record)
Creator: SpecStream
License: https://creativecommons.org/licenses/by/4.0/

The Washington Bank (of Maryland) in Baltimore, Maryland, failed on May 10, 1991. The First National Bank of of Baltimore, MD, took over its deposits. It held $39 million in assets and $39 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $968,346 (2.5% of its assets). By assets it was the 189th largest of 271 banks closed or assisted in 1991.

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The FDIC's record

Closed: May 10, 1991
Type: Failure
How it was resolved: Insured deposit transfer: the insured deposits moved to another bank
Acquirer: The First National Bank of, Baltimore, MD
Total assets: $38,974,000
Total deposits: $39,003,000
Estimated cost to the FDIC: $968,346 (estimate as of July 31, 2026)
Charter: State member bank (Federal Reserve)
Insurance fund: BIF
FDIC certificate: 27418

The FDIC record

Other bank failures in Maryland, 1989 to 1993

Bank	City	Closed	Assets	Deposits	Estimated cost	Acquirer
Second National, FSB	Salisbury	December 4, 1992	$1.57 billion	$1.16 billion	$78 million
Standard FSB	Gaithersburg	October 21, 1992	$1.72 billion	$1.54 billion	$527.6 million
Universal Bank	Lanham	October 16, 1992	$18 million	$18.1 million	$6 million
Potomac FSB	Silver Spring	August 28, 1992	$72.3 million	$68.8 million	$32 million	Maryland FS&LA
Irvington FSB	Glen Burnie	February 28, 1992	$43.8 million	$43.2 million	$5.1 million	Arundel FSB
John Hanson FSB	Beltsville	April 26, 1991	$840.7 million	$658.6 million	$147.7 million
Augusta Fsa	Baltimore	April 26, 1991	$151.3 million	$132.6 million	$5.6 million
Republic SB, FSB	Rockville	March 22, 1991	$26.4 million	$26.5 million	$8.4 million	First FSB of de

Other failed banks The First National Bank of took over

Bank	City	State	Closed	Assets	Deposits	Estimated cost	Acquirer
Boston Trade Bank	Boston	MA	May 3, 1991	$307 million	$301.5 million	$127.3 million	The First National Bank of
The State Bank of Omaha	Omaha	TX	December 14, 1990	$20.5 million	$20.6 million	$5.3 million	The First National Bank of
United Peoples Bank	Lampasas	TX	October 11, 1990	$32.7 million	$32.8 million	$6.5 million	The First National Bank of
Merchantsbank of Boston, A Co-Op	Boston	MA	May 18, 1990	$392.2 million	$391 million	$95.6 million	The First National Bank of
Alvord National Bank	Alvord	TX	March 29, 1990	$7.6 million	$7.7 million	$495,560	The First National Bank of
Liberty City State Bank	Liberty City	TX	March 15, 1990	$15.2 million	$15 million	$1.5 million	The First National Bank of
Farmers State Bank of Shiro, Texas	Shiro	TX	January 25, 1990	$4.6 million	$4.4 million	$2.1 million	The First National Bank of
First Security Bank of Glendive	Glendive	MT	December 1, 1989	$32.4 million	$31.9 million	$387,903	The First National Bank of

All bank failures in 1991 · All bank failures in Maryland · Every failed bank The First National Bank of took over · The full failed bank list

Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.